Invesco QQQ $QQQ Stock Position Lowered by Apella Capital LLC

Key Points

• Apella Capital LLC trimmed its stake in Invesco QQQ (QQQ) by 5.7% in Q4, selling 2,161 shares and ending the period with 35,719 shares valued at $21,942,000.
• Several other managers increased QQQ exposure—Flagship Harbor Advisors up 67.2% to 25,577 shares, Newbridge Financial up 12.3% to 26,423 shares, and Jmac Enterprises holds 49,521 shares—and institutional ownership stands at 44.58%.
• QQQ recently opened at $588.50 (50‑day SMA $601.34, 200‑day SMA $609.38) with a 52‑week range of $402.39–$637.01, and pays a quarterly dividend of $0.7328 (annualized $2.93) for a yield of about 0.5%.

Apella Capital LLC lessened its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,719 shares of the exchange traded fund's stock after selling 2,161 shares during the period. Apella Capital LLC's holdings in Invesco QQQ were worth $21,942,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Flagship Harbor Advisors LLC grew its holdings in shares of Invesco QQQ by 67.2% in the 4th quarter. Flagship Harbor Advisors LLC now owns 25,577 shares of the exchange traded fund's stock worth $15,712,000 after acquiring an additional 10,278 shares during the last quarter. Newbridge Financial Services Group Inc. grew its holdings in shares of Invesco QQQ by 12.3% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 26,423 shares of the exchange traded fund's stock worth $16,232,000 after acquiring an additional 2,893 shares during the last quarter. Lakeshore Capital Group Inc. grew its holdings in shares of Invesco QQQ by 1.7% in the 4th quarter. Lakeshore Capital Group Inc. now owns 17,220 shares of the exchange traded fund's stock worth $10,579,000 after acquiring an additional 287 shares during the last quarter. Sound Income Strategies LLC grew its holdings in shares of Invesco QQQ by 38.6% in the 4th quarter. Sound Income Strategies LLC now owns 14,533 shares of the exchange traded fund's stock worth $9,029,000 after acquiring an additional 4,049 shares during the last quarter. Finally, Jmac Enterprises LLC grew its holdings in shares of Invesco QQQ by 0.7% in the 4th quarter. Jmac Enterprises LLC now owns 49,521 shares of the exchange traded fund's stock worth $30,422,000 after acquiring an additional 356 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $588.50 on Tuesday. The stock's fifty day simple moving average is $601.34 and its 200 day simple moving average is $609.38. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $637.01.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a dividend of $0.7328 per share. The ex-dividend date was Monday, March 23rd. This represents a $2.93 dividend on an annualized basis and a dividend yield of 0.5%.

Invesco QQQ Profile

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust's investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.

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